|
Books > Business & Economics > Finance & accounting > Finance > Banking
|
Buy Now
Financial Cycles - Sovereigns, Bankers, and Stress Tests (Hardcover)
Loot Price: R3,296
Discovery Miles 32 960
|
|
|
Financial Cycles - Sovereigns, Bankers, and Stress Tests (Hardcover)
Expected to ship within 10 - 15 working days
|
As financial positions expand, the economy becomes more vulnerable
to adverse and unexpected developments taking place outside the six
to seven year business cycle. Over 50 years ago Nikolai Kondratieff
developed the theory of "The Long Waves in Economic Life", which
incorporated an extended cycle of innovation and upward thrust, and
changed our understanding of business cycles in financial settings.
Financial Cycles concentrates on two areas that have thus far been
omitted from mainstream economics. The first is the impact of the
longer term financial cycle; the second is the beginning of
de-globalization as the world enters an era of iron-glad economic
blocks. Chorafas argues that to overcome the more narrow limits of
the business cycle, we need to go beyond its traditional six to
seven year focus and address the longer term. This includes the
building-up and running-off of economic risks characterizing the
financial cycle, as well as the appreciation of forces underwriting
both its growth and its decay. An ever-increasing public debt and
the behavior of the banking industry are two principal reasons why
the structure of analysis characterizing the previous financial
cycle no longer fits present-day realities. A new methodology
starts getting in shape, even if it still has to acquire political
legitimacy.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
You might also like..
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.
Welcome to Loot.co.za!
Sign in / Register |Wishlists & Gift Vouchers |Help | Advanced search
